The plan by Taiwan's Kuokuang Petrochemical Technology Co. to abandon the refining and petrochem complex at Johor in Malaysia could result in a losses to Malaysia. Almost 40 bln ringgits (US$12.39 bln) in investment will be lost from the project, as reported by CNA.
As per plans, Kuokuang was to set up an integrated refining and petrochemical complex in Pengerang in the Malaysian state of Johor, but the project was scrapped after they received information hinting at an unfriendly investment environment in Malaysia.
09-Dec-13 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}